Commodities

Italy Extends Diesel Tax Cut: What Rising Fuel Prices Mean for Energy Traders

Italy has extended its diesel tax relief measure through Wednesday as retail fuel prices push higher, signalling that European governments remain under political pressure to shield consumers from energy cost inflation. For commodity traders, the move carries direct implications for diesel crack spreads, Brent crude sentiment and downstream energy demand dynamics.

23 Aug 2026 6 min read

Economic Calendar — This Week

Key releases · top 3 per day by impact
Times in your local timezone () · $ High $ Medium $ Low
Today23 Aug
$NZD
Retail Sales (QoQ)
$NZD
Retail Sales ex Autos (QoQ)
$AUD
S&P Global Composite PMI
Tomorrow24 Aug
$EUR
Export Prices (YoY)
$EUR
Import Prices (YoY)
$AUD
RBA Meeting Minutes

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